06/19/2022
The 2008 Housing Crash and the next recession –
The 2008 Financial Crisis was specifically due to the 2008 housing market itself what we are going to encounter in the near future is the economy as a whole. 2008 was a direct result of predatory lending and faulty mortgage products. People were getting mortgages like it was candy that was one big domino that collapsed everything. The recession that we are about to go into is ramifications of government spending, inflation all over the country, coming out of Covid there are so many contributing factors as to why we are where we are now, and it doesn’t mean it’s always reflected in the housing market. Real estate is and will always be the best addition to your portfolio. Do not fall victim to media hype but look at the overall picture.
High rate vs Bid over asking. Have you calculated the difference comparing the two. You would be surprised to know the overasking price that has gone on for some time will leave more consumers paying more over a shorter period of time versus what the higher rates we have currently'.
I'll break this down in a separate post ..
